Home / Knowledge / News / Textiles / CITI appeals for holding yarn price line
CITI appeals for holding yarn price line
Apr '10
Confederation of Indian Textile Industry (CITI) has requested the spinning industry to avoid any increase in cotton yarn prices for the next three months, in view of the problems being faced by the downstream segments of the industry. In an appeal addressed to the industry, Shri Shishir Jaipuria, Chairman of CITI has pointed out that in a recent meeting, the Minister of Textiles had stressed on the problems being faced by the handloom industry for accessing hank yarn. In this context, Shri Jaipuria also requested the industry to maintain adequate supply of hank yarn to the handloom sector at affordable prices.

In a statement issued here explaining his appeal, Shri Jaipuria stated that prices of cotton yarn have increased because of steep increase in cotton prices, power cost and labour cost. Globally, cotton production has declined and consumption increased during the current cotton season, pushing up cotton and yarn prices steeply all over the world, including in India. But, he added, “The downstream segments like home textiles and garments are not in a position to pass on the increased cost of raw materials fully to the global markets which are just gradually recovering from recession”.

Shri Jaipuria pointed out that global cotton production is expected to increase substantially in the ensuing cotton season and the current problem of high raw material prices is therefore expected to ease in another six months. He also requested government to provide some additional incentives for exports of home textiles and garments for these six months, in order to help these sub sectors to tide over the temporary problem.

Asserting that all the sub sectors in the textile value chain are highly inter dependent, CITI Chairman stressed the need to aim at sustained growth of the entire industry. Shri Shishir Jaipuria appealed to the industry to rise up to the occasion and take proactive measures to address the problem of increasing cotton yarn prices in the country. He also requested government to ensure an ending stock of 65 lakh bales of cotton this year, as against 40.50 lakh bales currently estimated by government's Cotton Advisory Board, in order to control cotton prices and help the textile industry to avoid price increases.

Confederation of Indian Textile Industry (CITI)

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search